Benzinga | Nov 2, 2021 12:25PM EDT

What Are Whales Doing With Airbnb

A whale with a lot of money to spend (and possibly insider knowledge) has taken a noticeably bearish stance on Airbnb.

Looking at options history for Airbnb (NASDAQ:ABNB) we detected 20 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25.0% of the investors opened trades with bullish expectations and 75.0% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $212,270 and 17, calls, for a total amount of $1,052,231.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $120.0 to $200.0 for Airbnb over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Airbnb's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Airbnb's whale trades within a strike price range from $120.0 to $200.0 in the last 30 days.

Airbnb Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestABNB CALL SWEEP NEUTRAL 11/05/ $177.50 $175.0K 787 850 21ABNB CALL SWEEP BEARISH 04/14/ $190.00 $160.8K 207 153 22ABNB CALL SWEEP BEARISH 11/19/ $170.00 $133.9K 2.4K 203 21ABNB PUT SWEEP BEARISH 11/05/ $160.00 $84.6K 1.4K 711 21ABNB PUT SWEEP BEARISH 11/05/ $160.00 $82.6K 1.4K 1.7K 21

Where Is Airbnb Standing Right Now?

* With a volume of 1,492,419, the price of ABNB is down -1.97% at $171.16.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 2 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.